the facts are that MAK need $100 million + to make their phosphate project viable...
would not have been a problem 2 years ago but in this market, with bank lending criteria what it is, how are they going to raise $100 million?
meanwhile they continue to burn cash while someone like IPL sits back smoking their pipe.....IPL will probably grab it for a song in 6 months time.
tragic but the way of the new world.
